Force Majeure Terminations for First Look, Overall Deals at Struck Companies Coming as Early as Aug. 1 (EXCLUSIVE)
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variety.comVariety. The deals would be torn up under contractual force majeure clauses, as SAG-AFTRA and the Writers Guild of America continue to strike.
Decision makers could begin ending these pacts as soon as next week, said insiders from both the creative community and their corporate counterparts.
Many of these deals were suspended only a week into the strike in May, by producers including Amazon, HBO, Warner Bros. TV, NBCUniversal, Disney and CBS Studios.
The writers strike is also rapidly approaching the 90-day mark when, historically, dealmakers have the option to kill agreements in the face of an “act of God,” the common show business interpretation for how the phrase “force majeure” applies to these type of labor shutdowns.
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